Quantitative easing refers to expansionary monetary policy when the economy is in a liquidity trap

By the nature of consumer ________, it is reasonable to treat most of the expenditure on them as a form of saving rather than consumption, which it what it takes in permanent-income and life-cycle models to make the saving ratio ________ with rising

income. A) nondurables, rise B) services, fall C) services, rise D) durables, rise E) durables, fall

General equilibrium analysis is the study of

A) how an equilibrium is determined in all markets simultaneously. B) how an equilibrium is determined in all closely related markets. C) the effects of a change in a market, and all spillover effects in all related markets. D) Any of the above.